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What schedule do I use to depreciate my aircraft?



The schedule that you use to depreciate your aircraft is going to be determined by the use profile of the aircraft subject to the depreciation. Most part 91 business aircraft are depreciated on a 5 1/2-year makers schedule, accelerated schedule or a 6-year straight line schedule provided that there’s at least 50% business use and at least 25% qualified business use in the tax year at hand if you’re using the accelerated schedule. If the aircraft is going to be predominantly used for charter purposes, it contrast, it would go on a 7-year makers schedule or a 12-year straight line schedule based on that use profile. Finally, commercial aircraft are on a much longer depreciable schedule. That generally will not be applicable unless you’re operating aircraft under part 121.

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